We didn't have any backup cash when something went wrong and it...

First 13 Last

Share
Profile

Follow
joca

1,811 Posts.

155

08/02/23

02:18

Post #: 66127543
Share

Originally posted by HIO ↑

Yes Fike - clearly the director resignation was because they knew what was coming. Keeping shareholders informed is what they are paid to do as well as guide the company. By their silence they have lied to us and by walking they have failed in their duties. Good luck to all of us trying to get them to be accountable for their actions. You can bet they will pop up elsewhere wearing the same "cloak of responsibility, honesty and proficiency" they donned when working for us. Does the law hold them to account? - not a bloody hope in hell for that to occur. By default, the theft of millions from shareholders is but a passing non event to such people. The mirror will still reflect the same fancy suit and slick hairdo and expensive polished shoes and perfect smile as they ready themselves for the next important Board Meeting, making important decisions as pillars of society. Sorry for the vitriol, but I would have to delude myself mightily to overcome my conscience to walk in their shoes.

Expand

We didn't have any backup cash when something went wrong and it did.
The whole $20m debacle on the royalty payments probably was an insight into management's shortcomings.
Still like to know how something so simple as paying a % in royalties ends up in court and we end up paying upfront royalties for something that is still in the ground. That 20m we paid was a big part of our undoing.

Last edited by joca: 08/02/23

RVR Price at posting: 7.3¢ Sentiment: Hold Disclosure: Held
11 Upvote

4 Great analysis

Reply

Top Stories

Nine's staff strike as Paris Olympic coverage begins

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

ASX Market Open: ASX200 to rise for Friday session | July 26

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel